Australia just discovered trillions of dollars worth of oil in outback!

Australia just discovered trillions of dollars worth of oil in outback!

The discovery in central Australia was reported by Linc Energy to the stock exchange and was based on two consultants reports, though it is
not yet known how commercially viable it will be to access the oil.

The reports estimated the company’s 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion
barrels of shale oil trapped in the region’s rocks.

It is likely however that just 3.5 billion barrels, worth almost $359 billion (£227 billion) at today’s oil price, will be able to be recovered.

So there you have it folks the reason why the Barry just sent 2500 US marines over to our good ally[at least that's my opinion]. This is actually huge
news considering the implications for the rest of our good friends the saudis who from some reports were falsifying data about how much oil they still
have. Also the conspiracy theorist in me wonders if all this craziness in NK is just a cover for china and other nations that want it for themselves,
but who knows. Ill leave it to you AWESOME peeps out there let me know what your opinions are or possible repercussions of this may entail. Like
always no one liner ignant posts lets keep this debate going cause I feel it may be a big one. Also do you think that our price of oil is going to go
down considering we are there ally? I searched and didn't see this anywhere on here soooo yea. One more tid bit this has been known outside the us
mainstream for a few months until the 11th of this month. Keep it civil and lets DOOOO THIS!

strewth! i like your conspiratorial thinking on this, no doubt oz can expect the $3bil military aid i saw mentioned on here a couple of days ago (did
not have a chance to read that thread, yet)..
too many interesting things to read tonight, so i just skimmed so far, gonna have to come back to this later, but SnF well deserved.

i wonder if whatever tribe of locals that live in the area can expect any consideration in this matter? daft question i expect

Also another interesting fact about where they found this massive reserve....The towns name is Coober Pedi or in aboriginal it means "White man's
hole"... pictures below of this amazing place which resides in, you guessed it a hole

, well not all of it, but most of it is an underground opal
mine, and it even has its own church

sorry guys couldnt get the embed to work but check em out its pretty cool.

What other option is there? Clearly the US cannot leave all of those Aussie WMD's laying around and risk having them fall into the wrong hands. They
are bad enough as it is, can you imagine the damage a dropbear could inflict with WMD's?

G,day mate. two points of interest.
1. they test drilled from the west coast to the east coast of australia back in 79/80. test bores were sunk every 80 miles. they found diamonds and
oil everywhere .met and became mates with a bloke involved.
2. of course the indig will get a cut. some 7 years ago a mate;s sister in the dept of aboriginal affairs or what ever its name is. had the job of
maintaining and ensuring that the bag of bones were placed and subsequently located in the right place at the right time. now i will go put on a flak
jacket and wait.

What a bummer the government didn't sort out the mining tax properly, this could have been a desperately needed boost for the struggling lower
classes. Instead the wealth will be sapped up with warm handshakes, big grins and a giant fat middle finger to Wayne Swan who couldn't organise a
piss-up in a brewery.

Instead, we will sit parked on a flagging and floundering infrastructure for an hour each way into work and back paying out our nose for petroleum
when we could all have been happily running on cheap natural gas since the early 80's.

edit on 13-3-2013 by Qumulys because: (no reason
given)

(edit 2.)
Linc Energy stock price went from 46 cents last year in November, then boom, it shot up to over $3.00. I bet some happy investors are rubbing
blackened dripping hands together now.

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